Definition: This entry is the total oil consumed in barrels per day (bbl/day). The discrepancy between the amount of oil produced and/or imported and the amount consumed and/or exported is due to the omission of stock changes, refinery gains, and other complicating factors.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2014See also: Oil - consumption map
The Oil Patch Will Rise Again
econintersect.com - 7/30/2015 4:48:38 AM
Global oil consumption increased by an average of 900,000 bpd annually over the last decade, rising in 18 of the past 20 years. Demand did decline in member countries of the Organisation for Economic Co-operation and Development (OECD) - the grouping of ...
Oil prices sinking – even without Iran
Daily News Egypt - 7/30/2015 5:34:34 PM
Despite Iran’s recent nuclear deal with world powers, the country might still take a considerable amount ... there has almost been a decoupling of economic growth and crude oil consumption. “This pattern can be clearly observed in the numbers ...
Who Benefits The Most From Cheap Oil?
Seeking Alpha - 7/29/2015 4:59:58 PM
... consumer of oil in the world. With 80% of its oil consumption being imported, lower prices are doing wonders for government finances and consumer pocketbooks. India's finance minister recently said that the country is on track to reach a current ...
Oil Shouldn't Fall Further, Stability Seen in 2016: OPEC
NDTV - 7/30/2015 11:39:38 PM
Moscow: The Organization of the Petroleum Exporting Countries (OPEC) expects increasing oil ... OPEC position based on expectations that China and the developing world will increase oil consumption. "Despite current uncertainties, signs of a more balanced ...
Libya food imports fall as turmoil disrupts deliveries
CNBC - 7/31/2015 12:04:06 PM
LONDON/CAIRO, July 31 (Reuters) - Imports of food, including wheat, are dropping sharply to Libya, which has the highest per capita bread consumption in the world ... The North African country, which is mainly desert, exports oil but depends on imports ...
The Impact of Global Oil Consumption: OECD vs. Non-OECD
Investment U - 1/27/2012 3:33:21 PM
The Organization for Economic Co-operation and Development (OECD), headquartered ... Energy Agency (IEA), tells all. Oil consumption from emerging market countries (have-nots) is just about to eclipse that of the old world (haves). Check it out: This ...
Uganda: World Bank Predicts Rise in Global Oil Prices
AllAfrica - 7/29/2015 11:30:41 AM
According to the financial body, the anticipated rise has two implications in the global economy; boosting foreign exchange earnings for oil exporting countries and high ... likely to be a major factor in shaping consumption of industrial commodities ...
Middle East mostly unaffected by Shell’s global cull of 6,500 jobs
The National - 7/30/2015 7:40:26 AM
And estimates of global oil-and-gas job cuts range between 70,000 and 100,000 ... The UAE last week announced it would cut subsidies for domestic fuel consumption, a move other countries are expected to emulate to cut government spending at a time of ...
OPEC forecasts 3.5% growth for global economy in 2016
NATIONAL MIRROR - 7/28/2015 10:59:04 PM
The Organisation of Petroleum Exporting Countries ... In 2016, world oil demand growth is forecast to pick up, reaching 1.34 mb/d. OECD demand is expected to register positive growth of 0.18 mb/d, while non-OECD consumption is projected to grow by ...
Top 10 countries in the world by oil consumption
explorationworld.com - 5/21/2015 12:35:12 AM
Anyone reading this article probably already know that the world uses a staggering amount of oil. Our thirst for petroleum and its various derivatives is constant. Every day, huge amounts of plastics are used in manufacturing while massive quantities of ...
Oil prices should not fall further — OPEC's Badri
Jordan Times - 7/30/2015 9:45:06 PM
MOSCOW — The Organisation of Petroleum Exporting Countries (OPEC) expects increasing oil ... an OPEC position based on expectations that China and the developing world will increase oil consumption. "Despite current uncertainties, signs of a more ...
China to be world's 3rd largest nuclear energy generating country: EIA
Economic Times - 7/21/2015 11:54:29 AM
BEIJING: China is expected to become the world ... country by 2017 surpassing South Korea and Japan, said US energy information administration (EIA). Chinese government has set a goal to increase the share of non-fossil fuels in its primary energy ...
India to buy oilseeds from farmers in bid to slash imports
Reuters - 7/31/2015 5:44:43 AM
India is the world's ... India's consumption of vegetable oils has trebled over the last 20 years while production has increased by less than a third. As a result, imports have risen twelve times to 14.4 million tonnes. "In our country we have big ...
Oil prices have plunged nearly 20% this month
CNN Money - 7/28/2015 5:01:09 PM
The world still has too much ... relied upon to gobble up the excess oil created by shale. The crash in China's stock market -- which resumed this week after a brief respite -- is only increasing concerns about the country's underlying economic health.
Technology Supports Global Sustainability
altenergymag.com - 7/30/2015 6:50:19 AM
renewable energy continued to grow during 2014 against the backdrop of increasing global energy consumption, particularly in developing countries, and a dramatic decline on oil prices. As the report notes, there is growing awareness around the world that ...